(Sharecast News) - Shares in Tritax Big Box jumped on Wednesday after the government approved planning permission for its data centre outside London after months of delays.


Tritax in 2025 applied for planning permission to build the 147MW center campus at the 74-acre Manor Farm, a part-greenfield and part-brownfield site, near Heathrow airport.

However, the local authority argued that the proposal should be rejected because of the parcel's 'green belt' designation which protects it from certain kinds of development.

The matter was then taken up by the Secretary of State for Housing, Communities, and Local Government, Steve Reed, who said the project carried significant advantages for the government's industrial strategy. Shares in the company jumped 3.6% in a falling market.

Reporting by Frank Prenesti for Sharecast.com

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